Author: Admin
U.S. Foreclosure Activity Increases 2 Percent in May Boosted by 11 Percent Rise in Bank Repossessions
Foreclosure filings were reported on 148,054 U.S. properties in May, an increase of 2 percent from the 75-month low in April but still down 28 percent from May 2012.
Apartment Investors Reap Rewards
If you’ve been reading my recent blogs, the apartment market is exploding. Many of our clients have seen success in building their aparment investing business. Last night, we heard from Dave Gregory, a foreclosures.com client who has recently purchased a 96 unit distressed apartment project – paying only $475,000 (less than $5000/door!). Once he finishes his…
Apartment Deals- Two Primary Plays
Here is a perfect example of a larger apartment project that has the criteria that we look for when seeking out deals. See if you can pick out some of the key reasons this looked like an attractive buy. Don’t get hung up on the size – there are more of these at lower prices, they just don’t…
The Apartment Deal that Wouldn’t Die
About 2 months ago an apartment agent contacted us about an apartment project up the road from another one that we owned in Homewood, Alabama. This property represented a step up from the projects that we normally entertained but the NOI (net operating income) was strong and easily verified, financing was readily available, we had good…
Apartment Investing: Women Driving Demand?
There are a few obvious reasons that the apartment sector is so hot right now – the mortgage mess and long term soft economy get most of the blame. What is strange though is that by most accounts we have seen a comeback – but the comeback is not being accompanied by a strong rebound in…
Apartment Developing: How Will it Affect the Small Investor?
Here’s a great resource for apartment investing news – Multi family executive. I came across the following article and pondered what this means to my apartment investing business and the strategies that we employ. Clearly, the smart money is moving toward apartment assets and builders are not finding ample clients in the multi-family segment. How does the small…
Apartment Foreclosure Investing is Getting Hotter
Apartment Foreclosure Investing I have great news. Foreclosure apartment investor extraordinaire, Michal Ballard, is back sharing his wisdom. He’s been extremely busy buying apartments this past year and sees tremendous upside in the apartment investing market. I’ve asked him to write some posts on the opportunities for foreclosure apartment investors for the rest of this…
Private Equity Buyers: Affects To Foreclosure Investing?
Private Equity Buyers There’s a lot of cash on the sidelines looking to be placed in the housing market. This cash is absorbing the backlog of foreclosures, reducing available housing inventory, has put a floor in the housing market and now a big part of the 12%+ appreciation in home prices that we are seeing…
Foreclosure Home Prices Up Over 12%
This just in today… Foreclosure Home prices are up 12.1% over last year and are up 3.2% from March to April – but remain 22.4% below the April 2006 housing peak (according to Corelogic’s April Home Price Index Report). This housing boom is building steam and has lots of room to grow. 2013 will go…
Foreclosure Inventory Continue Steep Declines
Completed foreclosures continue to drop – for 17 months in a row – now down 16% from April 2012. 52,000 homes were lost to foreclosure in April 2013 – down from the 62,000 a year ago – but still above the 21,000 per month average between 2000 and 2006. The worst of the foreclosure storm is…